Market Pulse
Director dealing: Shire board shell out
With Shire shares almost £20 short of last year's all-time high, the drug developer's chairwoman, chief executive and a clutch of senior directors have splashed some cash to show what they think of the valuation.
Market overview: Reckitt Benckiser, IAG lead gains
1630:Close Stocks finished near their best levels of the session, led by gains in Reckitt Benckiser after Chinese authorities appeared to signal a lowered appetite for yuan devaluation and ECB chief Mario Draghi sounded a dovish note on inflation prospects within the euro area. IAG was also the beneficiary of a double upgrade out of analysts at Bank of America-Merrill Lynch. Gains in the commodity space also gave a boost to HSBC. FTSE 100 up 116. 68 points to 5,824.
Canaccord Genuity hails Reckitt Benckiser's exceptionally strong results
Reckitt Benckiser's full-year results were "exceptionally strong", broker Canaccord Genuity said following the company's latest results, but the shares already "full-valuation" meant that it left its 'hold' recommendation on ice.
Commodities: Oil futures remain on positive turf, but gold retreats
Oil futures posted decent upticks on Monday, but gold retreated as calm returned to the equities market.
Sector movers: Gold miners retreat as banking stocks bounce
Gold miners retreated on Monday following a decline in the price of the yellow metal, but the drop was more than offset by banking sector shares.
Fidessa full year profit flat but revenue edges up
Fidessa confirmed its dividends as it posted flat pre-tax profit but a rise in revenue, as it continues with its investment programme.
Markets oversold in short-term, but profits will be a drag in the medium-term, JP Morgan says
A bounce in global equities may be headed investors' way soon, JP Morgan believed, but the best strategy remained to "use the rebound as an opportunity to sell," the broker added.
Tuesday preview: Anglo American to reveal its radical restructuring plans
Tuesday will see the US markets reopen after their three day weekend, and closer to home Anglo American is expected to reveal its "radical" restructuring plan.
Europe close: Banks gain as analysts eye potential for a bounce
Banks paced gains on the Continent's main bourses at the start of the week as European Central Bank chief Mario Draghi left open the possibility of further monetary stimulus when the governing council next met, in March.
Anglo American downgraded by Moody's with negative outlook
Mining giant Anglo American’s credit ratings have been downgraded by Moody’s, with a negative outlook.
Amino TV platform rolling out in Ohio
One of the US's largest independent telcos was providing Amino Technologies with plenty of business this week, with the start of a rollout of its Enable TV platform to Cincinnati Bell's FiOptics subscription television service in the United States.
Conygar to get planning permission for Llandudno Junction
There was good news for The Conygar Investment Company on Monday, with the firm revealing it had obtained a resolution from the Conwy County Borough Council to grant planning permission for the development at Llandudno Junction.
London close: Stocks rise on higher yuan, analysts' optimism
Stocks finished near their best levels of the day as Morgan Stanley and JP Morgan weighed-in with positive short-term views on global equity markets and after soothing words from the president of the European Central Bank and People's Bank of China.
Risk markets oversold and due for bounce, Morgan Stanley says
Risk-markets were oversold and more likely to rally than fall over the coming month, one of the world's largest brokers told clients on Monday.
FX Roundup: Euro falls on Draghi comments
The euro saw a drop of over 1% in late afternoon trading on Monday, after European Central Bank President Mario Draghi called for fiscal stimulus, where possible, and structural reforms to be added to the Eurozone policy-mix.
Centrica's credit ratings under review for downgrade by Moody's
Moody's has placed the Baa1 issuer rating and Baa3 junior subordinate rating of British Gas-owner Centrica on review for downgrade.
Moody's affirms ratings of SSE with negative outlook
Energy utility SSE’s credit ratings have been reaffirmed by Moody’s, albeit with a negative outlook.
Two big seals of approval for CAP-XX supercapacitors
CAP-XX received two big seals of approval for its supercapacitor technology on Monday, with the extension of a memorandum of understanding on its automotive products, and continuing positive progress on its Thinline family.
Eckoh wins big new contract with existing client
Eckoh was celebrating on Monday, having won a new multi-year, multi-million pound global procurement contract with an existing client - a leading global financial services company - which it did not immediately name.